NewsBTC

29 March 2025

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Cardano Price Projected to Reach $0.77 If $0.69 Support Holds

The price of Cardano (ADA) has recently dropped from its $0.7 - $0.8 range. Analyst Ali Martinez forecasts a potential recovery, projecting the price to reach $0.77 in the coming days.

Key Points on ADA Price Recovery

• Cardano is currently at a critical support level around $0.69.
• A horizontal channel pattern on the 3-hour chart indicates possible upward movement.
• The price may bounce back towards $0.77 if the $0.69 support holds.
• This represents a potential increase of over 12% from current levels.
• As of now, ADA is priced at approximately $0.685, with a decline of over 2% in the last 24 hours and nearly 4% for the week.

The altcoin's recent performance shows it moving further from the psychological $1 mark.